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Sensing as a Fundamental Part of Designing Smart, Intelligent Systems Drives the Global Market for Position Sensors,


Published: May 2017

REPORT STATISTICS


  • Code: MCP-8141
  • Pages: 317
  • Tables: 52
  • Companies: 102


POSITION SENSORS: A RESEARCH BRIEF

The global market for Position Sensors is projected to reach US$12.8 billion by 2024, driven by the growing indispensability of sensing, actuation and control in designing smart electronic systems and in enabling intelligent functions such as predictive and adaptive automated decision making capabilities which represents the ultimate design goal of automated systems. These sensors represent ubiquitous measurement systems, the market for which is poised to grow steadily in the coming years, as continuous incremental technology innovations continue to carry the benefits of this technology far and wide across newer applications areas/platforms. Europe represents the largest market worldwide supported by growing integration in smart vehicles, connected electronic devices, and growing plant automation in process industries. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.7% through the analysis period. Growth in the region is led by emergence of Asia as the global hub for electronics and semiconductors; growing manufacturing base, investments in IIoT technologies, and adoption of robotics and machine tools and the ensuing strong demand for industrial automation solutions. Other major drivers include growing demand for smart features and functions among the massive base of well penetrated smartphone users and the resulting increase in the use of position sensors, magnetometer and orientation sensors in smartphones; growing trend of automotive electronification and the resulting increase in the average number of position sensors used per car. 

    Summary of Findings

  • Healthy Commercial Aerospace Outlook & Aircraft Production Provides Strong Opportunities for Growth
  • Growing Use of Industrial Robotics As an Automation Production Strategy Bodes Well for Position Sensors
  • Extensive Usage of Position Sensors in Smartphones, Tablets, Laptops and Other Consumer Electronics Drives Market Growth
  • Steady Growth in Oil & Gas Industry to Sustain Demand for Position Sensors Market
  • Improving Automotive Production and Strict Emission Laws to Benefit Automotive Position Sensors

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe) , Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America, and Rest of World

MAJOR PLAYERS

  • ASM Automation Sensorik Messtechnik GmbH
  • Balluff Gmbh
  • Bourns Inc.
  • CTS Corporation
  • Curtiss-Wright Corporation
  • Honeywell International Inc.
  • IFM Electronic Gmbh
  • Infineon Technologies AG

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable